Form 4: Carter Bankshares Officer Trades Common Stock
Statement of Changes in Beneficial Ownership
Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares, Inc., reported a transaction involving the purchase of 5,500 shares of common stock.
Summary
- Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares, Inc. (CARE), has reported a transaction.
- On May 12, 2026, Mr. Langs acquired 5,500 shares of common stock.
- The purchase was made at a price of $26.4651 per share.
- Following this transaction, Mr. Langs beneficially owns 27,093 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard insider stock purchase without additional context on the company's performance or strategic direction.
Positives
- Officer acquisition of company stock can signal confidence in the company's future prospects.
- The purchase of 5,500 shares indicates a notable investment by a key executive.
Future Outlook
This filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, such as this Form 4 filing by a corporate officer, are closely watched by the market as potential indicators of management's view on the company's valuation and future performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Bradford N. Langs has appointed attorneys-in-fact to prepare, execute, and file SEC reports required by Section 16(a) of the Securities Exchange Act of 1934. | 12/18/2024 | Ensures compliance with SEC filing requirements for insider transactions. |
Stakeholder Impact
- Shareholders may view the officer's stock purchase as a positive signal of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/12/2026 | Transaction Date for acquisition of common stock by Bradford N. Langs. |
| 12/18/2024 | Date of execution for the Power of Attorney document by Bradford N. Langs. |
Keywords
Form 4, Insider Trading, Carter Bankshares, CARE, Common Stock, Securities Exchange Act, Beneficial Ownership
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